Latest Personal finance News

Trump signs student debt forgiveness for disabled veterans

Aug. 21, 2019 5:15 PM EDT

LOUISVILLE, Ky. (AP) — Hundreds of millions of dollars in federal student loan debt owed by tens of thousands of disabled military veterans will be erased under a directive President Donald Trump signed Wednesday. Trump ordered the Education Department to "eliminate every penny of federal student loan...

California insurers drop policies in high-fire risk areas

Aug. 21, 2019 4:33 PM EDT

SACRAMENTO, Calif. (AP) — New California data shows insurance companies declined to renew nearly 350,000 home insurance policies in areas at high risk for wildfire since the state began collecting data in 2015. The data released this week did not say how many people who lost their insurance were able to...

Ex-OKC councilman pleads guilty to not filing tax returns

Aug. 21, 2019 4:11 PM EDT

OKLAHOMA CITY (AP) — A former Oklahoma City councilman accused of not filing state income tax returns for nine years has pleaded guilty to a misdemeanor count of failing to file income tax returns. Oklahoma County court records indicate 36-year-old John Pettis Jr. pleaded guilty Wednesday and received a...

Editorials from around New York

Aug. 21, 2019 3:31 PM EDT

Recent editorials of statewide and national interest from New York's newspapers: Trump, Jews and America: The president's disgusting divisiveness is beyond the pale New York Daily News Aug. 21 Because two members of the opposing party in the U.S. House of Representatives are vocal critics of Israel whose foreign...

North Carolina Republicans unveil tax refund bill

Aug. 21, 2019 3:19 PM EDT

RALEIGH, N.C. (AP) — North Carolina Republicans say they want to return to taxpayers much of the largest state government revenue surplus in over a decade. House Speaker Tim Moore and Senate leader Phil Berger say their chambers will advance a bill that would give refunds to more than 5 million taxpayers....

Michigan woman pleads guilty in adoption scheme

Aug. 21, 2019 11:58 AM EDT

NEW HAVEN, Mich. (AP) — A southeastern Michigan woman has pleaded guilty to fraud in a scheme to collect more than $260,000 from couples who wanted to adopt children. Tara Lee of New Haven wasn't licensed to arrange adoptions. Prosecutors said she sometimes matched more than one set of adoptive parents to...

NY mayor says pizza joint closed over taxes 'MUST be saved'

Aug. 21, 2019 11:16 AM EDT

NEW YORK (AP) — The tax department shut a beloved New York City pizza place, but the mayor vowed Wednesday to help save it. Mayor Bill de Blasio tweet ed Wednesday that Brooklyn's Di Fara Pizza "MUST be saved." "I'm ready to do anything I can to get them reopened — as are thousands of New York City...

US home sales rose 2.5% in July, aided by low mortgage rates

Aug. 21, 2019 10:56 AM EDT

WASHINGTON (AP) — U.S. home sales increased 2.5% in July, a sign that lower mortgage rates have produced a spurt of home-buying. The National Association of Realtors said Wednesday homes sold last month at a seasonally adjusted annualized rate of 5.42 million units, up from 5.29 million in June. Average...

Cars still more efficient than newer SUVs

Aug. 21, 2019 10:22 AM EDT

ANN ARBOR, Mich. (AP) — Yes, your sport utility vehicle has gotten smaller and more fuel efficient over the years. But even with those gains, SUVs still are behind cars when it comes to gas mileage. The reason: SUVs are taller and heavier than cars, and no matter how sculpted their bodies are, they still...

US home sales rose 2.5% in July as falling mortgage rates help affordability

Aug. 21, 2019 10:00 AM EDT
WASHINGTON (AP) — US home sales rose 2.5% in July as falling mortgage rates help affordability.